The Dow Jones industrial average edged up 3.6% for the week and is up 6.1% for year. The S&P 500 rose 3.7% for the week and is up 0.6% for the year. The Nasdaq moved in a positive direction of 2.7% for the week, but is still down 1.3% this year. On the real estate front, the American Institute of Architects, reported the AIA Billing Index reached its first positive mark since August.
Below are links to the top economics news for the week:
- Consumer spending rose just 0.1 percent in November
- New Home Sales increase in November to 315,000 SAAR
- Orders for U.S. durable goods rose 3.8 percent in November
- U.S. Rig Count is down -11 from last week up 294 year over year
- GDP & Corporate Profits 3Q 2011
- Chicago Fed: Economic activity index declined in November
- 1,331 mass layoff actions involving 129,887 workers in Nov.
- Weekly Initial Unemployment Claims decline to 364,000
- Consumer Sentiment Improves in December
- Existing-Home Sales Continue to Climb in November
- Housing Starts increase in November
- AIA Billing Index Climbs into Positive Territory for First Time in 4 Months
- California and Texas Drive Job Growth in 2011
- Builder Confidence Rises for the Third Consecutive Month